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Nonprofiteer
← THE KNEE SOCIETY INC

Form 990 for tax year 2025

Filed by THE KNEE SOCIETY INC.

Totals

Total revenue
$2,776,072
Total expenses
$2,573,911
Contributions and grants received
$192,058
Grants paid
$65,824
Program service revenue
$2,419,310
Investment income
$141,083
Other revenue
$23,621
Total assets, end of year
$6,889,256
Total liabilities, end of year
$1,502,244
Net assets or fund balances, end of year
$5,387,012
Program services expenses (Part IX)
$2,251,644
Management and general expenses
$322,267
Fundraising expenses
$0
Program service expenses (Part III)
$2,251,644

Program services were 87.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $192,058

  • 2a · Program service revenue: EDUCATION/REGISTRATION

    total $2,186,210 · related or exempt $2,186,210

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $233,100 · related or exempt $233,100

  • 3 · Investment income

    total $97,431 · excluded $97,431

  • 7a · Gross sales of assets other than inventory

    securities $326,121

  • 7b · Less cost or other basis and sales expenses

    securities $282,469

  • 7c · Gain or loss

    securities $43,652

  • 7d · Net gain or loss

    total $43,652 · excluded $43,652

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $23,621 · related or exempt $23,621

  • 11e · Other revenue, total

    $23,621

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $65,824 · program services $65,824

  • 7 · Other salaries and wages

    total $206,646 · program services $142,774 · management and general $63,872

  • 8 · Pension plan contributions

    total $8,506 · management and general $8,506

  • 9 · Other employee benefits

    total $10,133 · management and general $10,133

  • 10 · Payroll taxes

    total $64,487 · management and general $64,487

  • 11b · Fees: legal

    total $30,972 · program services $2,507 · management and general $28,465

  • 11c · Fees: accounting

    total $17,290 · management and general $17,290

  • 11f · Fees: investment management

    total $18,273 · management and general $18,273

  • 11g · Fees: other

    total $243,261 · program services $216,766 · management and general $26,495

  • 12 · Advertising and promotion

    total $14,937 · program services $10,978 · management and general $3,959

  • 13 · Office expenses

    total $34,565 · program services $30,429 · management and general $4,136

  • 14 · Information technology

    total $28,865 · program services $578 · management and general $28,287

  • 16 · Occupancy

    total $18,133 · management and general $18,133

  • 17 · Travel

    total $105,747 · program services $105,555 · management and general $192

  • 19 · Conferences, conventions and meetings

    total $1,283,164 · program services $1,282,852 · management and general $312

  • 23 · Insurance

    total $5,949 · program services $254 · management and general $5,695

  • 24a · Other expenses: PROFIT SHARE

    total $382,035 · program services $382,035

  • 24b · Other expenses: BANK FEES

    total $34,860 · program services $10,941 · management and general $23,919

  • 24c · Other expenses: OTHER BUSINESS EXPENSES

    total $264 · program services $151 · management and general $113

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,554,215 · end of year $2,042,951

  • 3 · Pledges and grants receivable

    beginning of year $3,250 · end of year $167

  • 4 · Accounts receivable

    beginning of year $162,277 · end of year $155,062

  • 9 · Prepaid expenses and deferred charges

    beginning of year $143,445 · end of year $130,226

  • 11 · Investments: publicly traded securities

    beginning of year $3,453,858 · end of year $4,033,719

  • 14 · Intangible assets

    beginning of year $500,000 · end of year $500,000

  • 15 · Other assets

    beginning of year $35,209 · end of year $27,131

  • 17 · Accounts payable and accrued expenses

    beginning of year $919,526 · end of year $1,338,731

  • 19 · Deferred revenue

    beginning of year $168,550 · end of year $134,402

  • 25 · Other liabilities

    beginning of year $38,415 · end of year $29,111

  • 27 · Net assets without donor restrictions

    beginning of year $2,546,418 · end of year $2,896,482

  • 28 · Net assets with donor restrictions

    beginning of year $2,179,345 · end of year $2,490,530

Mission and programs · 2025

Mission

THE KNEE SOCIETY OPERATES TO PROMOTE OUTSTANDING CARE TO PATIENTS WITH KNEE DISORDERS THROUGH INNOVATIVE RESEARCH AND EDUCATION.

  • EDUCATIONAL EVENTS ARE DESIGNED TO PROVIDE PRACTICING ORTHOPAEDIC SURGEONS WITH CURRENT INFORMATION REGARDING DISORDERS OF THE KNEE, SURGICAL AND NON-SURGICAL TREATMENTS FOR THE KNEE, AND EMERGING TECHNOLOGY. SCIENTIFIC PAPERS AND SYMPOSIA WILL PRESENT INFORMATION ON TOTAL KNEE ARTHROPLASTY TO ENGANCE THE CARE OF PATIENTS WITH PAINFUL, ARTHITIC KNEE JOINTS. THE SOCIETY ALSO PROVIDES MEMBERS WITH THE ABILITY TO ORGANIZE VARIOUS EDUCATIONAL SEMINARS AND LECTURES PROVIDED ON INTERIM BASIS.

    Expenses $2,251,644 · Grants $65,824 · Revenue $2,442,931

As filed on the 2025 return.

Listed in Part VII

  • STEVEN B HAAS MD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • CRAIG J DELLA VALLE MD

    1ST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • RICHARD IORIO MD

    2ND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL A MONT MD

    3RD VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • HENRY D CLARKE MD

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • SCOTT M SPORER MD

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • CHARLES L NELSON MD

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DAVID J MAYMAN MD

    COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JAMES I HUDDLESTON III MD

    COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • FRED D CUSHNER MD

    COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JAMES A BROWNE MD

    MEMBER-AT-LARGE

    Total calculated
    $0
    Hours/week
    1

  • JESS H LONNER MD

    MEMBER-AT-LARGE

    Total calculated
    $0
    Hours/week
    1

  • SHUICHI MATSUDA MD

    EX-OFFICIO MEMBER-AT-LARGE

    Total calculated
    $0
    Hours/week
    1

  • OLGA FOLEY

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
IRS schema version
2025v4.2
Source object
202622259349301247

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